Hiring Trends in Capital Markets - CFA Institute Page - Capital... · Candidate movement trends...

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Worldwide leaders in specialist recruitment Hiring Trends in Capital Markets October 2012

Transcript of Hiring Trends in Capital Markets - CFA Institute Page - Capital... · Candidate movement trends...

Worldwide leaders in specialist recruitment

Hiring Trends in Capital Markets

October 2012

Worldwide leaders in specialist recruitment

5500 specialist consultants across 164 offices in 34 Countries

Michael Page InternationalMichael Page InternationalMichael Page InternationalMichael Page International

A Leading Global specialist recruitment firm

Listed on London Stock Exchange with a revenue > 1 Billion GBP

INDIAINDIAINDIAINDIA 75 consultants across 3 offices in Mumbai & Delhi NCR

Worldwide leaders in specialist recruitment

Banking and Financial ServicesBanking and Financial ServicesBanking and Financial ServicesBanking and Financial Services

Dubai, Hong Kong, London, New York, Mumbai, Paris, Shanghai, Singapore,

Tokyo, Zurich

• A Global Banking and Financial Service network focused on maximizing potential for our clients and candidates.

• 258 specialist consultants across the world dedicated to Banking & Financial Services withstrong presence in major financial centers like,

Worldwide leaders in specialist recruitment

Areas of specialisationAreas of specialisationAreas of specialisationAreas of specialisation

Banking & Financial ServicesBanking & Financial ServicesBanking & Financial ServicesBanking & Financial Services

Product Control/Middle Office

Financial Planning

Regulatory Accounting

Fund Accounting Fund Accounting Administration

Internal Audit

Compliance and RegulatoryRisk Management

Technology

Human Resources

Project Management

Tax

Legal

Equity and Debt Capital Markets

M&A

Structured Finance

Credit Research and Analysis

Sales and TradingPrivate Banking

Venture Capital

Private Equity

Asset Management

Leveraged Finance

Worldwide leaders in specialist recruitment

CapitalCapitalCapitalCapital Markets Team

The Capital Markets team partners with Investment Banks, Hedge Funds, Life

Insurance and Asset Management platforms to recruit top performing experienced and

junior candidates. We have successfully placed Portfolio Managers, Managing

Director/Principals to Associate/Analysts. Michael Page’s global reach and depth of

contacts in the industry allows the firm to provide clients with an exceptional level of

service and in an efficient manner.

Areas of Expertise:Areas of Expertise:Areas of Expertise:Areas of Expertise:

• Fund Management

• Equities & Quantitative Research

• Equity derivatives structuring

• FICC structuring

• Commodities trading

• Institutional Sales & Trading

• Equities & Derivatives trading

Worldwide leaders in specialist recruitment

Skills/Hiring trendsSkills/Hiring trendsSkills/Hiring trendsSkills/Hiring trends

Hard to find/Low supplyHard to find/Low supplyHard to find/Low supplyHard to find/Low supply

Quant/HFT Traders

Derivatives structuring/structured products

In DemandIn DemandIn DemandIn Demand

Mid-level quant traders

Equity sales for foreign geographies

Available in bulkAvailable in bulkAvailable in bulkAvailable in bulk

Equity Research

Sales Traders

Proactive initiativesProactive initiativesProactive initiativesProactive initiatives

Returning Indians

Diversity at the workplace

Worldwide leaders in specialist recruitment

What are candidates looking for?

� Strong employer brandStrong employer brandStrong employer brandStrong employer brand

� Job scope & responsibilityJob scope & responsibilityJob scope & responsibilityJob scope & responsibility

� A key consideration for candidates moving roles is reporting lines both up & downward.

� P&L responsibility

� Global committees & interfacing with stakeholders/clients

� Role evolutionRole evolutionRole evolutionRole evolution

� Typical “wants” include more complex functions and moving up the value chain

� Salary increasesSalary increasesSalary increasesSalary increases

Worldwide leaders in specialist recruitment

Capital MarketsCapital MarketsCapital MarketsCapital Markets

How does H2 2012 look for How does H2 2012 look for How does H2 2012 look for How does H2 2012 look for

hiring?hiring?hiring?hiring?

� Institutional Equities desks of MNC and

domestic brokerages will look to add Equity

sales talent

Q1 & Q2 Revenue concernsQ1 & Q2 Revenue concernsQ1 & Q2 Revenue concernsQ1 & Q2 Revenue concerns

�Shrinking cash and derivatives trading volume

�Decreasing brokerage fee due to introduction

of DMA

�Brokerage Fee cap introduced for Mutual

Funds

Candidate movement trendsCandidate movement trendsCandidate movement trendsCandidate movement trends

� Quality candidates choosing to stay put at

their current organization due to the uncertainty

in the stock markets

� Buy-side talent keen to move to sell-side

roles

Hiring TrendsHiring TrendsHiring TrendsHiring Trends

�Brokerages (Institutional Sales)

�Asset Management/Insurance/Hedge Funds

�Considerable mid-level Quantitative talent

hiring

Worldwide leaders in specialist recruitment

EMPLOYMENT OPTIONSEMPLOYMENT OPTIONSEMPLOYMENT OPTIONSEMPLOYMENT OPTIONS

• Candidates wary of Broking/Securities firms due to the volatility of the stock

markets and prefer a stable Wealth Management outfit

• In-house Industry Research teams

• Industry Corporate strategy teams

Worldwide leaders in specialist recruitment

Market OverviewMarket OverviewMarket OverviewMarket Overview

Impact of Global Economic slowdownImpact of Global Economic slowdownImpact of Global Economic slowdownImpact of Global Economic slowdown

� Cost advantage driving more migrations across the landscape. Functions otherwise considered to complex now actively being migrated

� More controls put into hiring process from pre approvals, offer approvals and number of interviews per role. Segmentation into critical vs non critical.

� Increased uncertainty leading to candidates being more reluctant to change jobs

� While the general pulse has moved from an aggressive growth outlook to cautiously optimistic, most hiring managers continue to have a positive outlook on the 3rd party/captive/KPO industry sector for 2012.

� Stronger importance of working with the right recruitment partners to act as ambassadors for the organization